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Wednesday, 17 July 2013 13:59

July 17, 2013: UFPI Q2 sales up 24.4 percent; Steelcase CEO Hackett to retire; Landscape Form launches Parallel 42

Written by  MiBiz Staff
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Grand Rapids-based building products supplier Universal Forest Products, Inc. (Nasdaq: UFPI) reported second-quarter sales were up 24.4 percent to $738.4 million versus the comparable period a year ago.  Net earnings increased 19 percent to $15.8 million compared to last year’s adjusted net earnings, which excluded a non-recurring gain related to the sale of real estate. The company reported double-digit sales increases in all of its markets, helping offset a 28 percent drop in lumber prices.   Complete results are here, including information on the company’s conference call tomorrow at 8:30 a.m. [4:55 p.m EST]

Steelcase (NYSE: SCS) CEO James P. Hackett announced his retirement plans after 19 years at the company.  He'll remain in his current position until Feb. 28, 2014 and plans to remain on the office furniture maker's board of directors.  The company's chairman, Rob Pew, said directors have no immediate plan to name a CEO, but noted that the company is following its succession plan.  The release is here. [12:45 p.m. EST]

Kalamazoo-based design firm Landscape Form today launched Parallel 42™, a modular wood bench system created from reclaimed wood and metal. Designed by Brian Revior. Three pieces — a left hand, right hand, and wedge—are modules that can be used singly or in any combination to create borders, resting places or enclaves. The product was featured previously in an MiBiz article on conceptualizing an outdoor office

Data released by the National Oceanic and Atmospheric Association (NOAA) shows that the lower-48 had the 15th warmest and 13th wettest June on record. The average temperature for the contiguous U.S. was just over 70 degrees and average precipitation was 3.43 inches.

Technology parks or research parks are credited with catalyzing the evolution of economic growth around the world. Ann Arbor Spark is mentioned as reinventing the local economy, according Site Selection Magazine. Click here to read.

Read 1693 times Last modified on Friday, 19 July 2013 11:48

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